Published 19 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Building at a glance · Wellington Place
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30 Nelson St, Toronto
Built
2017
Storeys
41
Suites
411
Developer
Aspen Ridge Homes
Corporation
TSCC-2573
Walk Score
100
Free · about 45 seconds · no obligation
What is your unit at Studio 2 worth today?
Floor, exposure, parking and this building’s own recent sales move the number. Your estimate appears instantly, and a written CMA from me is one tap after.
- Uses this building’s own recent sales
- Adjusts for floor, view and parking
- Your number appears instantly
How you get around
Scores from Walk Score®
Walk Score
Walker's Paradise
Transit Score
Rider's Paradise
Bike Score
Biker's Paradise
Transit, nearest first
- 1Osgoode stationLine 1 Yonge–University0.2 km
- 501Queen St West at St Patrick St501 Queen streetcar0.2 km
- 19BayTTC bus0.6 km
- 97YongeTTC bus0.7 km
- 13Avenue RdTTC bus0.8 km
- GOUnion Station GOBarrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines0.8 km
- UPUnion stationUP Express · Pearson to Union0.8 km
TTC is renewing streetcar track at Long Branch Loop through late 2026; some Lake Shore streetcar trips run as buses.
Distances are straight-line from the building.
How far is everything?
From the front door, in kilometres.
Schools for this address
Public schools from the TDSB school locator, checked 18 October 2026. Boundaries change: confirm with the board before you buy.
ElementaryJK–6
Ogden Junior Public School
33 Phoebe St, Toronto
0.5 km · ~8 min walk
Zoned for this address
MiddleGr 7–8
Ryerson Community School
96 Denison Ave, Toronto
1.1 km · ~17 min walk
Zoned for this address
High schoolGr 9–12
Harbord Collegiate Institute
286 Harbord St, Toronto
2.5 km
Zoned for this address
Catholic elementary
Bishop Macdonell Catholic Elementary
1.2 km · ~19 min walk
Nearest, confirm zoning
Catholic elementary
St Mary Catholic Elementary School
1.3 km · ~20 min walk
Nearest, confirm zoning
Catholic secondary
St Joseph's College School
1.7 km
Nearest, confirm zoning
French-language · Viamonde (public)
Ecole Elementaire Gabrielle Roy
1.5 km · ~23 min walk
Nearest, confirm zoning
Catholic (TCDSB) and French-language schools shown are the nearest to the building, not confirmed zoning. Check the TCDSB school locator, Viamonde or MonAvenir.
By the numbers
What units at Studio 2 actually trade for
| Unit type | Sold | Median price | Leased | Median rent |
|---|---|---|---|---|
| Studio | 0 | too few | 4 | $2,000/mo |
| 1 bed | 5 | $582,000 | 33 | $2,500/mo |
| 2 bed | 5 | $682,000 | 17 | $3,300/mo |
Table covers the last 24 months. TRREB MLS® System aggregates; a median is shown only with 3 or more deals, and sizes come from listing ranges. Not an appraisal: get an estimate for your unit.
Living here
Renters, Airbnb and elevators at Studio 2
Do mostly owners or renters live here?
Renter-heavy building. Of 131 deals here in the last 24 months, 109 were leases and 22 were sales. A high lease share usually means more investor owners, more move-ins and a deeper pool of rental comparables.
Can you Airbnb a unit at Studio 2?
Some owners here hold City registrations, but the condo’s own declaration and rules can still forbid short stays. In Toronto you can only host in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly registration and 6% accommodation tax. You cannot buy here to run it as a full-time Airbnb. Check the condo’s rules in the status certificate before you count on it.
How reliable are the elevators?
TSSA lists 4 elevators serving 46 floors, installed around 2014. Ask whether elevator modernization is in the reserve fund plan.
Sources: TRREB MLS® System lease and sale counts; City of Toronto short-term rental registrations (Open Data, 18 Oct 2026); TSSA Residential Elevator Availability portal.
Before you buy here
Five things the listing will not tell you about Studio 2
- Reserve fund health. Ask for the latest reserve fund study and its date. A thin fund in an older building usually means fee jumps or a special assessment.
- Special assessments and big repairs. Check the status certificate for planned levies and for balcony, garage, window or elevator work.
- Insurance deductible. Find the corporation’s deductible for water damage. If it is higher than your own policy covers, raise your coverage before closing.
- Fee trend. Compare this year’s budget with last year’s. Rises of 2–5% a year are typical; bigger jumps need an explanation.
- Lawsuits and rules. Look for legal claims against the corporation, and for rules on pets, short-term rentals and leasing.
Send me the status certificate and I will flag anything that matters before your conditional period runs out.
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Eat, drink and shop nearby
Within about a 10-minute walk.
Pub
Gibbons Irish Pub
Steps away
Thai
Thai Tavern
Steps away
Restaurant
Jabistro
Steps away
Burgers
The Burger's Priest
Steps away
Japanese
Mizunara Japanese Whisky Experience
Steps away
Coffee
Hot Black Coffee
Steps away
Places from OpenStreetMap. Check hours before you go.
Parks nearby
- St. Patricks Square
- Grasett Park
- Grange Park
Nearest grocery
No Frills
0.2 km · ~3 min walk
Prices: TRREB MLS® System aggregate medians for 30 Nelson St, last 12 months (updated 18 October 2026), compiled by Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage; deemed reliable, not guaranteed. Schools: TDSB school locator; Catholic and French schools: nearest by distance. Transit and scores: Walk Score® and TTC/GO station locations. Nearby places: OpenStreetMap. Distances are straight-line estimates.
Studio 2 is the taller half of the Studio project, ten storeys above its sister on Richmond and set back on a quieter street. It shares a podium and garage with Studio on Richmond, but it is its own corporation with its own fee structure, and that structure is the reason I often show it first. Parking is listed in the fee here, which changes the arithmetic. I’m Jatin Dua, RE/MAX Quantum Realty.
Quick answer
Studio 2 is a 41-storey, 411-suite condominium at 30 Nelson Street, at Duncan Street, in downtown Toronto’s Entertainment District between Queen West and King West. It was developed by Aspen Ridge Homes as the second phase of the Studio on Richmond project and designed by BDP Quadrangle. The condominium corporation, TSCC-2573, was registered on 8 February 2017, and ICC Property Management is the listed manager. Condos.ca lists the fee as covering common elements, heat, air conditioning, building insurance and parking. Suites run from about 413 to 2,573 sq ft.
Studio 2 at a glance
The second tower, on the quieter street
Aspen Ridge built the Studio project in two phases on what had been surface parking at Richmond and Duncan. Studio on Richmond, at 31 storeys, came first. Studio 2 followed at 41 storeys, which UrbanToronto lists at about 131 metres, making it one of the taller buildings on this stretch of Duncan.
The address matters. Studio on Richmond faces a busy one-way arterial; Studio 2’s front door is on Nelson Street, a short side street. The project put retail at the corner of Duncan and Nelson and a row of townhomes along Nelson, so the base of this tower reads at a more human scale than most of the Entertainment District.
BDP Quadrangle designed both towers. On Duncan, the podium uses a heavier, industrial-looking façade that frames the OCAD University building on the corner, and precast panels in varied shades break up the long walls. A sixth-floor roof terrace and a green roof sit on the lower levels.
Loft-style layouts and how the suites actually live
Aspen Ridge marketed part of Studio 2 as a loft-inspired collection, with open layouts, sliding glass panels in place of some interior walls, upgraded kitchens and larger ensuites. Sliding glass is a real advantage in a small one-plus-den, because it lets daylight reach a room that would otherwise be an interior box.
Condos.ca lists suites from about 413 to 2,573 sq ft. The everyday stock is studios, one-plus-dens and two-bedrooms, with a smaller number of larger suites on upper floors. Current listings run from a studio under 500 sq ft to two-plus-den plans.
When you tour, check whether a den has a door or a sliding panel and whether it has any window. In this building that varies by plan. A den that can close and has borrowed light is far more useful as a home office than one that is just a nook off the kitchen.
Ceiling heights are not something I could confirm from public sources for this tower, so measure or ask for the floor plan with dimensions. In a compact suite, the difference between a standard ceiling and a taller one on an upper floor changes how the space feels more than an extra 20 square feet does.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
What the fee covers, and why it matters here
Condos.ca lists common elements, heat, air conditioning, building insurance and parking as included. That last item is uncommon downtown, where parking is usually a separate monthly charge or a separately titled unit with its own fee. Hydro is not listed, so plan on paying your own electricity.
On current listings, the fee works out to roughly $1.09 per square foot. That is higher than Tableau a block west at about $0.74, and lower than Studio on Richmond next door at about $1.20. If the suite you want comes with a space, compare it with a building that charges separately for parking before you call the fee high.
The two Studio towers are separate corporations, TSCC-2573 here and TSCC-2517 at 199 Richmond, sharing a podium, garage and amenity spaces. The shared-facility agreement decides how those costs are split. Ask for it with the status certificate, along with the reserve fund study.
Duncan and Nelson, day to day
Queen West is two blocks north, King West and the theatre strip two blocks south, and the Financial District is a walk east. OCAD University and the Art Gallery of Ontario are a few minutes north. The data panel on this page covers transit, schools and Walk Score.
UrbanToronto reports the project’s garage holds 485 underground spaces, with the top level run as paid public parking. That helps when friends visit, and it also means more cars coming in and out than in a residents-only garage.
The Entertainment District keeps changing around you. Several towers on Adelaide, Peter and Widmer have been finished since Studio 2 was completed, and more are proposed. Upper-floor buyers should look at what is approved on neighbouring lots, because a south or west view here is not guaranteed forever.
Pricing context
Condos.ca puts the building average at about $901 per square foot. That is higher than Studio on Richmond next door at about $824, and close to Tableau at about $915 and The Pinnacle on Adelaide at about $890. The premium over its sister partly reflects the taller tower, the quieter frontage and the parking inclusion.
Six suites were listed for sale when I prepared this review, asking from about $349,000 to about $999,000. One-plus-dens were asking in the mid-$500,000s to about $600,000. Two suites were listed for lease.
With two Studio towers on one block, comparables are easier to find than in a one-off building. Use both addresses when you price a suite, and adjust for the fee inclusions: a suite here with a parking space is not directly comparable to one next door without it.
Monthly fees across those listings ran from roughly $400 to about $1,360, rising with suite size. For the aggregate sold record at this address, ask for my building sold report.
Building specifications
| Building name | Studio 2 |
| Address | 30 Nelson Street, Toronto |
| Developer | Aspen Ridge Homes |
| Architect | BDP Quadrangle (Quadrangle Architects) |
| Interior design | Mike Niven Interior Design |
| Storeys | 41 (about 131 m, per UrbanToronto) |
| Total suites | 411 (Condos.ca); UrbanToronto lists 425 |
| Condo corporation | TSCC-2573 |
| Registered | 8 February 2017 |
| Property management | ICC Property Management |
| Suite sizes | Approximately 413 to 2,573 sq ft |
| Maintenance fees | About $1.09 per sq ft on current listings (Condos.ca) |
| Fees include | Common elements, heat, air conditioning, building insurance and parking |
| Not included | Hydro (not listed as included) |
| Sister building | Studio on Richmond, 199 Richmond Street West (TSCC-2517) |
Amenities at Studio 2
UrbanToronto describes a ninth-floor amenity level for the project with hot tubs, steam rooms, a winter lounge, barbecues, billiards and a divisible party room, plus a Studio 2 media room, gym and sixth-floor roof terrace. In practice, that is a full downtown package; confirm which spaces each tower’s owners can use under the shared-facility agreement.
Jatin’s honest take on Studio 2
Who this building suits
Young professionals and couples who want a downtown suite on a quieter side street, and owners who drive and want parking folded into the monthly fee. The loft-style plans with sliding glass panels suit people working from home in a one-plus-den.
What I’d want you to check
Confirm that the suite actually comes with a parking space, since the fee inclusion only helps if you own one, and ask what happens to the fee if you do not. Get the shared-facility agreement with Studio on Richmond and the reserve fund study. Check what is approved on the lots to the south and west of your floor. Pet and leasing rules should come from the declaration and rules in the status certificate.
The value question
At about $901 a square foot, Studio 2 is priced in line with its newer neighbours rather than at a discount. What you get for that is a quieter frontage, a taller tower and parking in the fee. For an owner who needs a car downtown, I think the total monthly cost here compares well; for a buyer without a car, Studio on Richmond’s lower per-foot price may be the better deal.
Free building report: Studio 2
Send me your email and I’ll put together a current report on Studio 2 — real sold comparables, what’s listed right now, and what the maintenance fees actually cover.
- Every sale in the building over the last 12 months
- Current active listings and asking prices
- Maintenance fee breakdown and what’s included
- My read on which exposures and floors hold value
Tell me what you are planning
Three quick answers so I come back with something useful, usually the same day.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
Studio 2 — frequently asked questions
Who developed Studio 2?
Aspen Ridge Homes, as the second phase of its Studio project at Richmond and Duncan.
Who designed Studio 2?
BDP Quadrangle, with interiors by Mike Niven Interior Design and landscape by Baker Turner.
How tall is Studio 2?
It is 41 storeys, about 131 metres according to UrbanToronto, ten storeys taller than Studio on Richmond.
How many suites are in Studio 2?
Condos.ca lists 411 suites, while UrbanToronto lists 425, so confirm the exact count with the corporation if it matters.
When was Studio 2 built?
It was completed around 2016 to 2017, and the condominium corporation, TSCC-2573, was registered on 8 February 2017.
Is parking included in the fee at Studio 2?
Condos.ca lists parking among the fee inclusions, along with common elements, heat, air conditioning and building insurance. Confirm that the specific suite has a space.
Is Studio 2 the same corporation as Studio on Richmond?
No. They share a podium and garage, but Studio 2 is TSCC-2573 and Studio on Richmond is TSCC-2517.
What are the loft-style suites?
Aspen Ridge sold part of the tower with loft-inspired plans that used sliding glass panels in place of some walls, plus upgraded kitchens and larger ensuites.
Who manages Studio 2?
ICC Property Management is the listed property manager.
How does Studio 2 compare with Studio on Richmond?
Studio 2 is taller, faces quieter Nelson Street, lists parking in its fee and trades at a higher average per square foot, about $901 against about $824.
How much do condos at Studio 2 sell for?
Over the last 12 months the median resale at Studio 2 was $637,500, across 10 sales. The typical unit sold in 51 days at about 95% of the asking price. That works out to roughly $895 per square foot.
How much is rent at Studio 2?
The median lease at Studio 2 over the last 12 months was $2,700/mo, from 56 leases. Units typically leased in 9 days.
What does each unit type cost at Studio 2?
Over the last 24 months: Studios rented for $2,000/mo; One-bedrooms sold for a median $582,000 and rented for $2,500/mo; Two-bedrooms sold for a median $682,000 and rented for $3,300/mo. Each median uses three or more deals.
Are prices at Studio 2 up or down since 2022?
Down about 26%. The median sold price per square foot was $1,213 in 2022 and $895 over the last 12 months. Pricing off 2022 comparables is the most common mistake sellers make here.
What rental yield does Studio 2 offer an investor?
At a median price of $637,500 and a median rent of $2,700 a month, the gross yield is about 5.1%, before maintenance fees, property tax, insurance and mortgage interest. Net cash flow depends on the fee and your down payment, so run the numbers for the exact unit.
Do mostly owners or renters live at Studio 2?
Mostly renters. Of the deals here in the last 24 months, 83% were leases and 17% were sales.
Can you Airbnb a unit at Studio 2?
Only in limited cases. Toronto allows short-term rentals only in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly City registration and 6% accommodation tax. The City’s register shows 82 active short-term rental registrations at this address. The condo’s declaration and rules can ban short stays outright, so check them in the status certificate.
Has Studio 2 had elevator outages?
TSSA records show 3 outages of 48 hours or more since July 2022, about 68 days out of service in total, across 4 elevators.
What schools is Studio 2 zoned for?
For TDSB public schools, the address is zoned for Ogden Junior Public School (Elementary, JK–6), Ryerson Community School (Middle, Gr 7–8), Harbord Collegiate Institute (High school, Gr 9–12). Catholic and French-language schools are listed on this page by distance. Boundaries change, so confirm with the board before you buy.
What is the closest subway or GO station to Studio 2?
The nearest subway is Osgoode station (Line 1 Yonge–University), 0.2 km away; the nearest GO station is Union Station GO on the Barrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines, 0.8 km; UP Express runs from Union station, 0.8 km; the 501 Queen streetcar stops 0.2 km away; the closest bus is the Bay (TTC bus). Distances are straight-line from the building.
What is the Walk Score of Studio 2?
Walk Score 100, Transit Score 100 and Bike Score 95. Most daily errands can be done on foot.
What restaurants and shops are near Studio 2?
Within about a 10-minute walk: Gibbons Irish Pub (Pub), Thai Tavern (Thai), Jabistro (Restaurant), The Burger's Priest (Burgers), Mizunara Japanese Whisky Experience (Japanese). The closest grocery store is No Frills, 0.2 km away.
Which parks are near Studio 2?
St. Patricks Square, Grasett Park, Grange Park are the closest green spaces.
What is my unit at Studio 2 worth?
Use the free AI estimator at the top of this page. It uses this building’s own recent sales and adjusts for floor, view and parking, and your number appears instantly. For a written CMA, I will price your exact unit against the latest comparable sales.
How do I find out when a unit at Studio 2 lists or sells?
Join the building alerts on this page. I watch this building by hand and will tell you when a unit lists, sells or drops in price, with my read on whether it is priced right.
Looking at King West, Liberty Village and CityPlace more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
About the author — Jatin Dua, Toronto condo broker
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty. I work condo buildings across Toronto and the GTA every week, including King West, Liberty Village and CityPlace. What buyers and sellers usually need is someone who knows the individual buildings: which exposures get the light, which corporations keep healthy reserve funds, and which units are priced past what they will appraise for.
If you’re buying or selling at Studio 2, I’ll give you the honest version — including when I think you should walk away. Reach me at [email protected] or 833-330-1925, or book a free consultation.
More King West, Liberty Village and CityPlace building guides: 123 Portland · 263 Wellington West · 300 Front Street West · 32 Camden Street Lofts · 330 Richmond · 357 King West
More resources: GTA condo directory · Building sold report · Book a call
© 2026 Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage. The building data on this page was compiled and verified by Jatin Dua. Reproduction or republication, in whole or in part, requires written permission. To request permission, call 833-330-1925.